What is Packaging Corp of America's earnings per share (EPS)?

Packaging Corp of America (PKG) reported diluted earnings per share of $8.58 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Packaging Corp of America (PKG) Financials

PKG

Trailing 12 months to June 30, 2026

Revenue $9.5B +10.3% YoY

Net Income $691.8M -23.5% YoY

EPS (Diluted) $8.58 FY2025 annual

Free Cash Flow $742.4M +18.7% YoY

Market Cap $21.0B as of Oct 17, 2026

Price / Sales 2.2x on $9.5B revenue, trailing 12 months to June 30, 2026

Price / Earnings 30.4x on $691.8M net income, trailing 12 months to June 30, 2026

Price / Book 4.5x on $4.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PKG SEC filings page.

Packaging Corp of America (PKG) reported $9.5B in revenue over the twelve months to Jun 30, 2026, up 10.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PKG FY2025 2026-10-04

Sales growth continued, but FY2025 numbers show expansion requiring more debt while operating profitability weakened.

Debt-to-equity climbed to 0.9x by FY2025, while operating margin slipped to 12.3% from its FY2023 level. That pairing suggests balance-sheet growth was running ahead of earnings power, rather than reflecting a clean improvement in operating efficiency.

Revenue rose 7.2% in FY2025, yet operating income stayed near $1.1B, meaning the top-line increase was largely absorbed by costs. The operating margin fell to 12.3% from 13.1% in FY2024, so scale did not translate into better operating economics.

Operating cash flow reached $1.6B while free cash flow was $729M, showing that reported earnings converted into cash even after substantial reinvestment. Capital spending of $829M explains most of that gap; cash conversion is meaningful, but reinvestment absorbs about half before free cash flow is left.

Financial Health Signals

Financial Health Score 64/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Packaging Corp of America's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Packaging Corp of America has an operating margin of 12.3%, meaning the company retains $12 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 13.1% the prior year.

Growth

Packaging Corp of America's revenue grew 7.2% year-over-year to $9.0B, a solid pace of expansion. This earns a growth score of 58/100.

Leverage

Packaging Corp of America has a moderate D/E ratio of 0.86. This balance of debt and equity financing earns a leverage score of 32/100.

Liquidity

With a current ratio of 3.17, Packaging Corp of America holds $3.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.

Cash Flow

Packaging Corp of America has a free cash flow margin of 8.1%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Packaging Corp of America earns a strong 16.8% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 77/100. This is down from 18.3% the prior year.

Altman Z-Score Safe

4.00

Packaging Corp of America scores 4.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($21.0B) relative to total liabilities ($6.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

3/9

Packaging Corp of America passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.01x

For every $1 of reported earnings, Packaging Corp of America generates $2.01 in operating cash flow ($1.6B OCF vs $774.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

13.99x

Packaging Corp of America earns $13.99 in operating income for every $1 of interest expense ($1.1B vs $79.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.5B

YoY+14.7%

QoQ+5.2%

5Y CAGR+5.8%

10Y CAGR+5.8%

Packaging Corp of America generated $2.5B in revenue in Q2 2026. This represents an increase of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 5.2%.

EBITDA

$467.5M

YoY-1.5%

QoQ-1.9%

5Y CAGR+3.3%

Packaging Corp of America's EBITDA was $467.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 1.9%.

Net Income

$192.1M

YoY-20.5%

QoQ+12.4%

5Y CAGR-1.5%

10Y CAGR+5.2%

Packaging Corp of America reported $192.1M in net income in Q2 2026. This represents a decrease of 20.5% from the same quarter a year earlier. Against the prior quarter it is up 12.4%.

EPS (Diluted)

$2.15

YoY-19.5%

QoQ+12.6%

5Y CAGR-0.2%

10Y CAGR+5.7%

Packaging Corp of America earned $2.15 per diluted share (EPS) in Q2 2026. This represents a decrease of 19.5% from the same quarter a year earlier. Against the prior quarter it is up 12.6%.

Cash & Balance Sheet

Free Cash Flow

$170.1M

YoY+30.9%

QoQ+3.3%

5Y CAGR+11.9%

10Y CAGR+3.9%

Packaging Corp of America generated $170.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 30.9% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.

Cash & Debt

$442.8M

YoY-43.8%

QoQ+11.5%

5Y CAGR-14.6%

10Y CAGR+7.6%

Packaging Corp of America held $442.8M in cash against $4.0B in long-term debt as of Q2 2026.

Dividends Per Share

$1.50

YoY+20.0%

QoQ+20.0%

5Y CAGR+8.4%

10Y CAGR+10.6%

Packaging Corp of America paid $1.50 per share in dividends in Q2 2026. This represents an increase of 20.0% from the same quarter a year earlier. Against the prior quarter it is up 20.0%.

Shares Outstanding

89M

YoY-1.0%

QoQ0.0%

5Y CAGR-1.3%

10Y CAGR-0.6%

Packaging Corp of America had 89M shares outstanding in Q2 2026. This represents a decrease of 1.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

20.6%

YoY-1.7pp

QoQ+1.5pp

5Y change-3.3pp

10Y change-2.0pp

Packaging Corp of America's gross margin was 20.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.

Operating Margin

11.7%

YoY-3.7pp

QoQ+1.1pp

5Y change-4.0pp

10Y change-2.4pp

Packaging Corp of America's operating margin was 11.7% in Q2 2026, reflecting core business profitability. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Net Margin

7.7%

YoY-3.4pp

QoQ+0.5pp

5Y change-3.3pp

10Y change-0.5pp

Packaging Corp of America's net profit margin was 7.7% in Q2 2026, showing the share of revenue converted to profit. This is down 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.

Return on Equity

4.1%

YoY-1.1pp

QoQ+0.4pp

5Y change-1.9pp

10Y change-2.8pp

Packaging Corp of America's ROE was 4.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

Share Buybacks

QoQ-100.0%

Packaging Corp of America repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.

Capital Expenditures

$205.9M

YoY+21.3%

QoQ+25.0%

5Y CAGR+9.4%

10Y CAGR+11.6%

Packaging Corp of America invested $205.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 21.3% from the same quarter a year earlier. Against the prior quarter it is up 25.0%.

R&D Spending

Not reported for Q2 2026.

PKG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PKG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$9.5B	$9.0B+7.2%	$8.4B+7.4%	$7.8B-8.0%	$8.5B+9.7%	$7.7B+16.1%	$6.7B-4.4%	$7.0B-0.7%	$7.0B+8.8%	$6.4B+11.5%	$5.8B+0.6%	$5.7B-1.9%	$5.9B+59.7%	$3.7B+28.9%	$2.8B+8.5%	$2.6B
Cost of Revenue	$7.6B	$7.1B+7.6%	$6.6B+8.1%	$6.1B-4.4%	$6.4B+9.1%	$5.9B+10.7%	$5.3B-0.6%	$5.3B-0.9%	$5.4B+7.9%	$5.0B+10.5%	$4.5B-0.7%	$4.5B-1.9%	$4.6B+65.2%	$2.8B+26.6%	$2.2B+6.4%	$2.1B
Gross Profit	$1.9B	$1.9B+6.0%	$1.8B+5.0%	$1.7B-18.7%	$2.1B+11.6%	$1.9B+36.8%	$1.4B-16.7%	$1.6B-0.1%	$1.6B+11.9%	$1.5B+15.3%	$1.3B+5.6%	$1.2B-1.7%	$1.2B+41.7%	$867.5M+36.7%	$634.7M+16.8%	$543.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$14.5M-6.5%	$15.5M-3.1%	$16.0M+11.1%	$14.4M+12.5%	$12.8M-3.8%	$13.3M+1.5%	$13.1M+6.5%	$12.3M+7.0%	$11.5M+1.8%	$11.3M-9.6%	$12.5M
SG&A Expenses	$679.2M	$634.2M+3.9%	$610.3M+5.1%	$580.9M-4.6%	$608.6M+5.5%	$576.8M+6.9%	$539.6M-3.2%	$557.6M+4.0%	$536.4M+3.2%	$519.9M+11.0%	$468.5M+3.8%	$451.3M-3.9%	$469.5M+43.8%	$326.6M+16.3%	$280.8M+8.6%	$258.6M
Operating Income	$1.0B	$1.1B+0.5%	$1.1B+2.4%	$1.1B-24.3%	$1.4B+14.4%	$1.2B+71.5%	$723.9M-31.3%	$1.1B-1.3%	$1.1B+14.5%	$932.5M+19.0%	$783.3M+4.4%	$750.0M+6.7%	$702.7M+45.8%	$481.9M+10.1%	$437.6M+59.7%	$274.0M
EBITDA	N/A	$1.8B+8.2%	$1.6B+2.1%	$1.6B-15.2%	$1.9B+13.2%	$1.7B+46.3%	$1.1B-21.3%	$1.4B-2.5%	$1.5B+11.7%	$1.3B+16.0%	$1.1B+3.1%	$1.1B+2.1%	$1.1B+58.5%	$683.7M+12.4%	$608.4M+39.0%	$437.6M
Interest Expense	$119.0M	$79.1M+91.1%	$41.4M-22.3%	$53.3M-24.3%	$70.4M-53.8%	$152.4M+63.0%	$93.5M-27.4%	$128.8M+35.4%	$95.1M-7.3%	$102.6M+11.8%	$91.8M+7.4%	$85.5M-3.3%	$88.4M+51.6%	$58.3M-7.3%	$62.9M+115.1%	$29.2M
Income Tax	$226.8M	$253.7M-2.2%	$259.3M+4.2%	$248.9M-25.7%	$335.0M+25.2%	$267.6M+55.9%	$171.7M-22.2%	$220.6M-5.1%	$232.5M+45.3%	$160.0M-33.0%	$238.9M+4.9%	$227.7M+2.7%	$221.7M+1352.5%	-$17.7M-108.3%	$214.5M+149.5%	$86.0M
Net Income	$691.8M	$774.1M-3.9%	$805.1M+5.2%	$765.2M-25.7%	$1.0B+22.4%	$841.1M+82.5%	$461.0M-33.8%	$696.4M-5.6%	$738.0M+10.4%	$668.6M+48.7%	$449.6M+2.9%	$436.8M+11.3%	$392.6M-11.0%	$441.3M+175.5%	$160.2M+0.9%	$158.8M
EPS (Basic)	N/A	$8.61-4.0%	$8.97+5.3%	$8.52-23.1%	$11.08+24.9%	$8.87+82.5%	$4.86-34.0%	$7.36-5.9%	$7.82+10.3%	$7.09+48.9%	$4.76+6.5%	$4.47+12.0%	$3.99-12.7%	$4.57+175.3%	$1.66+3.7%	$1.60
EPS (Diluted)	—	$8.58	$8.93+5.3%	$8.48-23.1%	$11.03+24.9%	$8.83+82.4%	$4.84-34.1%	$7.34-5.9%	$7.80+10.3%	$7.07+48.8%	$4.75+6.3%	$4.47+12.0%	$3.99-11.7%	$4.52+175.6%	$1.64+3.8%	$1.58
Diluted Shares (Avg)	N/A	90M	90M0.0%	90M-3.5%	93M-1.9%	95M+0.1%	94M+0.3%	94M+0.2%	94M+0.2%	94M0.0%	94M-3.1%	97M-0.4%	97M-0.4%	98M0.0%	98M-2.9%	100M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.5B+14.7%	$2.4B+10.6%	$2.4B+10.1%	$2.3B+6.0%	$2.2B+4.6%	$2.1B+8.2%	$2.1B+10.7%	$2.2B+12.7%
Cost of Revenue	$2.0B+17.1%	$1.9B+13.6%	$1.9B+14.3%	$1.8B+7.9%	$1.7B+3.1%	$1.7B+4.8%	$1.7B+9.7%	$1.7B+10.1%
Gross Profit	$512.5M+6.1%	$452.9M-0.4%	$447.6M-4.7%	$504.3M-0.2%	$483.0M+10.3%	$454.7M+22.8%	$469.8M+14.6%	$505.2M+22.4%
SG&A Expenses	$179.3M+17.0%	$180.3M+11.7%	$165.3M+12.5%	$154.3M-4.8%	$153.2M+2.5%	$161.4M+6.3%	$146.9M+2.8%	$162.0M+12.3%
Operating Income	$291.2M-12.7%	$251.3M-10.3%	$168.5M-44.2%	$324.5M-0.8%	$333.7M+20.9%	$280.3M+43.0%	$302.2M+15.6%	$327.1M+26.5%
EBITDA	$467.5M-1.5%	$476.5M+13.9%	$390.0M-11.0%	$477.1M+3.8%	$474.4M+17.3%	$418.3M+28.9%	$438.2M+10.8%	$459.8M+18.9%
Interest Expense	$33.3M+154.2%	$32.6M+152.7%	$33.8M+188.9%	$19.3M+99.0%	$13.1M+26.0%	$12.9M+34.4%	$11.7M+6.4%	$9.7M-21.1%
Income Tax	$66.9M-15.4%	$48.9M-23.1%	$32.7M-53.6%	$78.3M-2.7%	$79.1M+16.7%	$63.6M+56.7%	$70.4M-62.8%	$80.5M+31.3%
Net Income	$192.1M-20.5%	$170.9M-16.1%	$101.9M-53.9%	$226.9M-4.7%	$241.5M+21.4%	$203.8M+38.7%	$221.2M+16.9%	$238.1M+30.0%
EPS (Basic)	$2.16-19.4%	$1.92-15.4%	$1.13-54.1%	$2.52-4.9%	$2.68+20.7%	$2.27+38.4%	$2.46+16.6%	$2.65+29.9%
EPS (Diluted)	$2.15-19.5%	$1.91-15.5%	$1.13	$2.51-4.9%	$2.67+20.8%	$2.26	$2.45+16.7%	$2.64+30.0%
Diluted Shares (Avg)	89M-0.8%	89M-0.6%	N/A	90M+0.2%	90M+0.2%	90M	N/A	90M0.0%

Not reported in any period shown, so not listed: R&D Expenses.

PKG Balance Sheet

PKG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$10.7B+21.4%	$8.8B+1.8%	$8.7B+8.5%	$8.0B+2.1%	$7.8B+5.4%	$7.4B+2.7%	$7.2B+10.1%	$6.6B+6.0%	$6.2B+7.3%	$5.8B+9.6%	$5.3B+0.3%	$5.3B+1.2%	$5.2B+108.3%	$2.5B+1.6%	$2.5B
Current Assets	$3.2B-0.6%	$3.2B-0.7%	$3.3B+29.7%	$2.5B-8.2%	$2.7B-0.6%	$2.8B+11.0%	$2.5B+17.2%	$2.1B+10.4%	$1.9B+12.9%	$1.7B+9.1%	$1.6B+3.4%	$1.5B-1.8%	$1.5B+56.5%	$978.2M+20.5%	$812.1M
Cash & Equivalents	$529.0M-22.8%	$685.0M+5.7%	$648.0M+102.5%	$320.0M-48.3%	$618.7M-36.5%	$974.6M+43.4%	$679.5M+88.0%	$361.5M+66.7%	$216.9M-9.4%	$239.3M+29.9%	$184.2M+47.5%	$124.9M-34.6%	$191.0M-7.9%	$207.4M+32.7%	$156.3M
Short-Term Investments	$71.8M-29.6%	$102.0M-79.3%	$493.5M+479.2%	$85.2M-1.0%	$86.1M-18.5%	$105.6M+20.1%	$87.9M	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.2B+10.5%	$1.1B+11.0%	$1.0B+3.7%	$977.3M+8.3%	$902.5M+14.5%	$787.9M-0.8%	$794.1M-0.2%	$795.6M+4.3%	$762.5M+5.4%	$723.6M+6.9%	$676.8M+1.8%	$664.9M+11.9%	$594.3M+78.9%	$332.3M+30.5%	$254.7M
Accounts Receivable	$1.3B+9.8%	$1.1B+10.7%	$1.0B+0.1%	$1.0B-3.7%	$1.1B+28.7%	$832.4M-1.6%	$845.6M-6.2%	$901.9M+8.6%	$830.7M+20.5%	$689.2M+8.3%	$636.5M-1.5%	$646.1M+0.5%	$643.1M+82.6%	$352.1M+10.0%	$320.0M
Long-Term Investments	$67.0M+2.8%	$65.2M+1.7%	$64.1M-1.2%	$64.9M+8.2%	$60.0M+40.5%	$42.7M-26.5%	$58.1M	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.4B+48.8%	$922.4M0.0%	$922.4M0.0%	$922.4M-0.1%	$923.5M+6.9%	$863.5M-6.0%	$918.7M+0.2%	$917.3M+3.9%	$883.2M+19.7%	$737.9M+35.6%	$544.0M-0.5%	$546.8M0.0%	$546.8M+713.7%	$67.2M+15.4%	$58.2M
Total Liabilities	$6.1B+38.3%	$4.4B-5.4%	$4.7B+8.0%	$4.3B+2.5%	$4.2B+1.0%	$4.2B+0.5%	$4.2B+6.9%	$3.9B-2.9%	$4.0B-0.1%	$4.0B+10.4%	$3.6B-2.6%	$3.7B-2.7%	$3.8B+158.3%	$1.5B+0.2%	$1.5B
Current Liabilities	$1.0B+1.3%	$1.0B-20.9%	$1.3B+44.6%	$875.5M-1.1%	$884.8M+13.1%	$782.6M+8.1%	$723.8M+4.4%	$693.6M-16.7%	$832.7M+33.1%	$625.4M+11.3%	$561.9M-8.0%	$611.0M-7.5%	$660.6M+151.9%	$262.3M-30.3%	$376.5M
Non-Current Liabilities	$5.1B+49.2%	$3.4B+0.3%	$3.4B-1.2%	$3.5B+3.5%	$3.3B-1.7%	$3.4B-1.1%	$3.4B+7.4%	$3.2B+0.7%	$3.2B-6.2%	$3.4B+10.2%	$3.1B-2.0%	$3.1B-2.7%	$3.2B+163.5%	$1.2B+10.6%	$1.1B
Long-Term Debt	$4.0B+60.3%	$2.5B+0.1%	$2.5B-0.1%	$2.5B+0.1%	$2.5B-0.3%	$2.5B+0.1%	$2.5B-0.3%	$2.5B+0.1%	$2.5B-5.3%	$2.6B+14.4%	$2.3B-2.5%	$2.3B-6.4%	$2.5B+222.2%	$778.6M-1.9%	$793.4M
Total Equity	$4.6B+4.4%	$4.4B+10.2%	$4.0B+9.0%	$3.7B+1.7%	$3.6B+11.1%	$3.2B+5.7%	$3.1B+14.9%	$2.7B+22.4%	$2.2B+24.0%	$1.8B+7.7%	$1.6B+7.4%	$1.5B+12.1%	$1.4B+34.6%	$1.0B+3.8%	$971.3M
Retained Earnings	$3.9B+4.1%	$3.8B+9.6%	$3.4B+8.2%	$3.2B+2.7%	$3.1B+9.4%	$2.8B+4.8%	$2.7B+16.8%	$2.3B+24.0%	$1.9B+29.0%	$1.4B+9.9%	$1.3B+6.0%	$1.2B+21.9%	$1.0B+37.3%	$742.5M+10.2%	$674.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$11.0B+21.8%	$10.8B+20.2%	$10.7B+21.4%	$11.0B+25.4%	$9.0B+0.7%	$9.0B+1.3%	$8.8B+1.8%	$8.8B+7.0%
Current Assets	$3.4B+2.6%	$3.3B-1.4%	$3.2B-0.6%	$3.5B+7.9%	$3.3B-4.2%	$3.3B-4.1%	$3.2B-0.7%	$3.2B+16.9%
Cash & Equivalents	$442.8M-43.8%	$397.1M-47.2%	$529.0M-22.8%	$634.0M-6.3%	$787.9M+28.4%	$751.7M+8.6%	$685.0M+5.7%	$676.6M+18.0%
Short-Term Investments	$151.0M+63.4%	$146.6M+60.4%	$71.8M-29.6%	$94.7M-0.3%	$92.4M-81.2%	$91.4M-81.4%	$102.0M-79.3%	$95.0M-8.7%
Inventory	$1.3B+10.3%	$1.3B+10.3%	$1.2B+10.5%	$1.3B+20.3%	$1.1B+11.2%	$1.1B+13.7%	$1.1B+11.0%	$1.1B+7.7%
Accounts Receivable	$1.4B+19.9%	$1.3B+14.8%	$1.3B+9.8%	$1.4B+11.2%	$1.2B+4.4%	$1.2B+11.4%	$1.1B+10.7%	$1.2B+16.4%
Long-Term Investments	$73.0M-3.4%	$71.8M+0.7%	$67.0M+2.8%	$77.7M+11.5%	$75.6M+10.5%	$71.3M+4.1%	$65.2M+1.7%	$69.7M+41.4%
Goodwill	$1.4B+53.5%	$1.4B+49.8%	$1.4B+48.8%	$1.2B+30.1%	$922.4M0.0%	$922.4M0.0%	$922.4M0.0%	$922.4M0.0%
Total Liabilities	$6.4B+44.1%	$6.2B+38.5%	$6.1B+38.3%	$6.2B+38.6%	$4.4B-9.2%	$4.5B-7.4%	$4.4B-5.4%	$4.5B+4.7%
Current Liabilities	$1.2B+23.4%	$1.1B+5.3%	$1.0B+1.3%	$1.1B+0.6%	$943.0M-34.1%	$1.0B-28.0%	$1.0B-20.9%	$1.1B-13.9%
Non-Current Liabilities	$5.2B+49.7%	$5.1B+48.1%	$5.1B+49.2%	$5.1B+51.0%	$3.5B+1.2%	$3.5B+1.1%	$3.4B+0.3%	$3.4B+12.6%
Long-Term Debt	$4.0B+60.3%	$4.0B+60.3%	$4.0B+60.3%	$4.0B+60.3%	$2.5B+0.1%	$2.5B+0.1%	$2.5B+0.1%	$2.5B+19.2%
Total Equity	$4.7B+0.6%	$4.6B+2.0%	$4.6B+4.4%	$4.8B+11.5%	$4.6B+12.2%	$4.5B+11.6%	$4.4B+10.2%	$4.3B+9.7%
Retained Earnings	$4.0B-0.3%	$3.9B+1.4%	$3.9B+4.1%	$4.1B+11.4%	$4.0B+12.1%	$3.9B+11.4%	$3.8B+9.6%	$3.7B+8.9%

PKG Cash Flow Statement

PKG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.6B	$1.6B+30.8%	$1.2B-9.4%	$1.3B-12.0%	$1.5B+36.6%	$1.1B+5.9%	$1.0B-14.5%	$1.2B+2.3%	$1.2B+37.8%	$856.1M+6.1%	$806.9M+5.0%	$768.6M+4.4%	$736.1M+21.0%	$608.2M+50.5%	$404.2M+17.0%	$345.5M
Depreciation & Amortization	N/A	$652.8M+24.2%	$525.6M+1.5%	$517.7M+13.3%	$456.8M+9.4%	$417.5M+1.8%	$410.0M+5.8%	$387.5M-5.7%	$410.9M+5.0%	$391.4M+9.3%	$358.0M+0.4%	$356.5M-6.4%	$381.0M+88.8%	$201.8M+18.1%	$170.8M+4.4%	$163.6M
Stock-Based Compensation	N/A	$45.2M-7.4%	$48.8M+22.0%	$40.0M+12.4%	$35.6M+0.3%	$35.5M+18.3%	$30.0M-1.3%	$30.4M+29.4%	$23.5M+14.1%	$20.6M+4.6%	$19.7M+8.2%	$18.2M+16.7%	$15.6M+5.4%	$14.8M+26.5%	$11.7M+20.2%	$9.7M
Capital Expenditures	$881.7M	$828.9M+23.8%	$669.7M+42.6%	$469.7M-43.0%	$824.2M+36.2%	$605.1M+43.7%	$421.2M+5.4%	$399.5M-27.5%	$551.4M+60.8%	$343.0M+25.0%	$274.3M-12.8%	$314.5M-25.2%	$420.2M+79.3%	$234.4M+82.4%	$128.5M-54.1%	$280.2M
Free Cash Flow	$742.4M	$728.6M+39.7%	$521.5M-38.3%	$845.4M+26.0%	$670.8M+37.2%	$489.0M-20.0%	$611.6M-24.3%	$807.9M+28.5%	$628.7M+22.5%	$513.1M-3.7%	$532.6M+17.3%	$454.1M+43.7%	$315.9M-15.5%	$373.8M+35.6%	$275.7M+322.2%	$65.3M
Investing Cash Flow	-$2.8B	-$2.6B-826.2%	-$277.8M+68.3%	-$875.1M-5.0%	-$833.7M-4.9%	-$794.4M-86.4%	-$426.1M+22.0%	-$546.6M+10.1%	-$608.2M+0.1%	-$609.1M+20.9%	-$769.6M-158.2%	-$298.1M+33.9%	-$451.1M+68.0%	-$1.4B-1212.9%	-$107.5M+69.3%	-$350.2M
Financing Cash Flow	$794.2M	$859.4M+198.1%	-$876.4M-682.5%	-$112.0M+88.3%	-$960.0M-46.4%	-$655.6M-110.4%	-$311.6M+9.1%	-$342.8M+19.8%	-$427.3M-58.6%	-$269.4M-1613.5%	$17.8M+104.3%	-$411.2M-17.1%	-$351.1M-144.6%	$786.8M+420.4%	-$245.6M-590.0%	-$35.6M
Dividends Paid	$448.1M	$449.6M+0.2%	$448.8M0.0%	$448.9M+6.8%	$420.3M+10.7%	$379.8M+26.8%	$299.6M+0.3%	$298.7M+11.4%	$268.1M+12.8%	$237.6M+9.9%	$216.1M+7.6%	$200.8M+27.6%	$157.4M+44.3%	$109.1M-7.4%	$117.8M+55.0%	$76.0M
Share Buybacks	N/A	$153.0M	$0-100.0%	$41.5M-92.1%	$522.6M+170.8%	$193.0M	$0	$0	N/A	N/A	$100.3M-35.2%	$154.7M	$0-100.0%	$7.8M-82.7%	$45.2M-63.8%	$125.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$376.0M+25.5%	$329.3M-2.9%	$446.6M+37.2%	$472.2M+44.4%	$299.6M+7.7%	$339.1M+30.2%	$325.4M-3.0%	$327.1M-3.7%
Depreciation & Amortization	$176.3M+25.3%	$225.2M+63.2%	$221.6M+62.9%	$152.6M+15.0%	$140.7M+9.5%	$138.0M+7.5%	$136.0M+1.3%	$132.7M+3.6%
Stock-Based Compensation	$17.0M+65.0%	$15.3M-14.0%	N/A	$8.5M-18.3%	$10.3M+4.0%	$17.8M-8.2%	N/A	$10.4M+35.1%
Capital Expenditures	$205.9M+21.3%	$164.7M+11.2%	$319.0M+58.5%	$192.1M+30.9%	$169.7M-30.7%	$148.1M+93.1%	$201.3M+42.7%	$146.7M+63.4%
Free Cash Flow	$170.1M+30.9%	$164.6M-13.8%	$127.6M+2.8%	$280.1M+55.3%	$129.9M+290.1%	$191.0M+4.0%	$124.1M-36.1%	$180.4M-27.8%
Investing Cash Flow	-$216.6M-51.7%	-$260.9M-80.9%	-$285.5M-40.4%	-$2.0B-902.4%	-$142.8M+41.2%	-$144.2M-78.0%	-$203.3M+62.6%	$249.3M+380.4%
Financing Cash Flow	-$113.7M+5.7%	-$200.3M-56.2%	-$266.1M-134.0%	$1.4B+367.7%	-$120.6M-5.5%	-$128.2M+5.0%	-$113.7M-140.1%	-$513.4M-232.3%
Dividends Paid	$111.3M-1.0%	$111.9M-0.4%	$112.5M+0.2%	$112.4M+0.1%	$112.4M+0.2%	$112.3M+0.3%	$112.3M+0.3%	$112.3M-0.1%
Share Buybacks	$0	$58.8M	N/A	N/A	$0	$0	$0	N/A

PKG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PKG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	21.0%-0.3pp	21.3%-0.5pp	21.8%-2.9pp	24.7%+0.4pp	24.2%+3.7pp	20.6%-3.0pp	23.6%+0.2pp	23.5%+0.6pp	22.8%+0.7pp	22.1%+1.0pp	21.0%0.0pp	21.0%-2.7pp	23.7%+1.3pp	22.3%+1.6pp	20.7%
Operating Margin	12.3%-0.8pp	13.1%-0.6pp	13.8%-3.0pp	16.8%+0.7pp	16.1%+5.2pp	10.9%-4.3pp	15.1%-0.1pp	15.2%+0.8pp	14.5%+0.9pp	13.6%+0.5pp	13.1%+1.0pp	12.0%-1.1pp	13.2%-2.2pp	15.4%+4.9pp	10.5%
Net Margin	8.6%-1.0pp	9.6%-0.2pp	9.8%-2.3pp	12.2%+1.3pp	10.9%+4.0pp	6.9%-3.1pp	10.0%-0.5pp	10.5%+0.2pp	10.4%+2.6pp	7.8%+0.2pp	7.6%+0.9pp	6.7%-5.3pp	12.0%+6.4pp	5.6%-0.4pp	6.1%
Return on Equity	16.8%-1.4pp	18.3%-0.9pp	19.1%-8.9pp	28.1%+4.8pp	23.3%+9.1pp	14.2%-8.5pp	22.7%-4.9pp	27.6%-3.0pp	30.6%+5.1pp	25.6%-1.2pp	26.7%+0.9pp	25.8%-6.7pp	32.5%+16.6pp	15.9%-0.5pp	16.4%
Return on Assets	7.2%-1.9pp	9.1%+0.3pp	8.8%-4.1pp	12.9%+2.1pp	10.7%+4.5pp	6.2%-3.4pp	9.6%-1.6pp	11.2%+0.4pp	10.8%+3.0pp	7.8%-0.5pp	8.3%+0.8pp	7.5%-1.0pp	8.5%+2.1pp	6.4%-0.1pp	6.5%
Current Ratio	3.17-0.1x	3.23+0.7x	2.57-0.3x	2.87-0.2x	3.09-0.4x	3.51+0.1x	3.42+0.4x	3.05+0.7x	2.30-0.4x	2.71-0.1x	2.77+0.3x	2.46+0.1x	2.32-1.4x	3.73+1.6x	2.16
Debt-to-Equity	0.86+0.3x	0.56-0.1x	0.62-0.1x	0.670.0x	0.69-0.1x	0.760.0x	0.81-0.1x	0.93-0.2x	1.14-0.4x	1.49+0.1x	1.40-0.1x	1.54-0.3x	1.85+1.1x	0.770.0x	0.82
Asset Turnover	0.84-0.1x	0.95+0.1x	0.90-0.2x	1.06+0.1x	0.99+0.1x	0.90-0.1x	0.96-0.1x	1.070.0x	1.040.0x	1.00-0.1x	1.090.0x	1.11+0.4x	0.71-0.4x	1.14+0.1x	1.07
FCF Margin	8.1%+1.9pp	6.2%-4.6pp	10.8%+2.9pp	7.9%+1.6pp	6.3%-2.9pp	9.2%-2.4pp	11.6%+2.6pp	9.0%+1.0pp	8.0%-1.3pp	9.2%+1.3pp	7.9%+2.5pp	5.4%-4.8pp	10.2%+0.5pp	9.7%+7.2pp	2.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	20.6%-1.7pp	19.1%-2.1pp	18.9%-2.9pp	21.8%-1.4pp	22.2%+1.1pp	21.2%+2.5pp	21.9%+0.7pp	23.2%+1.8pp
Operating Margin	11.7%-3.7pp	10.6%-2.5pp	7.1%-7.0pp	14.0%-1.0pp	15.4%+2.1pp	13.1%+3.2pp	14.1%+0.6pp	15.0%+1.6pp
Net Margin	7.7%-3.4pp	7.2%-2.3pp	4.3%-6.0pp	9.8%-1.1pp	11.1%+1.5pp	9.5%+2.1pp	10.3%+0.5pp	10.9%+1.4pp
Return on Equity	4.1%-1.1pp	3.7%-0.8pp	2.2%-2.8pp	4.8%-0.8pp	5.2%+0.4pp	4.5%+0.9pp	5.0%+0.3pp	5.6%+0.9pp
Return on Assets	1.7%-0.9pp	1.6%-0.7pp	0.9%-1.6pp	2.1%-0.6pp	2.7%+0.5pp	2.3%+0.6pp	2.5%+0.3pp	2.7%+0.5pp
Current Ratio	2.94-0.6x	3.07-0.2x	3.17-0.1x	3.16+0.2x	3.54+1.1x	3.28+0.8x	3.23+0.7x	2.95+0.8x
Debt-to-Equity	0.85+0.3x	0.86+0.3x	0.86+0.3x	0.83+0.3x	0.53-0.1x	0.55-0.1x	0.56-0.1x	0.580.0x
Asset Turnover	0.230.0x	0.220.0x	0.220.0x	0.210.0x	0.240.0x	0.240.0x	0.240.0x	0.250.0x
FCF Margin	6.8%+0.9pp	7.0%-2.0pp	5.4%-0.4pp	12.1%+3.8pp	6.0%+4.4pp	8.9%-0.4pp	5.8%-4.2pp	8.3%-4.6pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Packaging Corp of America PKG	FY2025	$9.0B	$774.1M	8.6%	$21.0B	64/100
Smurfit Westrock plc SW	FY2025	$31.2B	$699.0M	2.2%	$21.6B	50/100
Amcor plc AMCR	FY2026	$23.5B	$1.1B	4.7%	$20.3B	52/100
International Paper Co. IP	FY2025	$23.6B	-$3.5B	-14.9%	$18.0B	34/100
Ball Corporation BALL	FY2025	$13.2B	$915.0M	7.0%	$16.7B	51/100
Avery Dennison Corp. AVY	FY2025	$8.9B	$688.0M	7.8%	$13.3B	27/100

Where Packaging Corp of America Ranks

Frequently Asked Questions

What is Packaging Corp of America's annual revenue?

Packaging Corp of America (PKG) reported $9.0B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Packaging Corp of America's revenue growing?

Packaging Corp of America (PKG) revenue grew by 7.2% year-over-year, from $8.4B to $9.0B in fiscal year 2025.

Is Packaging Corp of America profitable?

Yes, Packaging Corp of America (PKG) reported a net income of $774.1M in fiscal year 2025, with a net profit margin of 8.6%.

What is Packaging Corp of America's EBITDA?

Packaging Corp of America (PKG) had EBITDA of $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Packaging Corp of America have?

As of fiscal year 2025, Packaging Corp of America (PKG) had $529.0M in cash and equivalents against $4.0B in long-term debt.

What is Packaging Corp of America's gross margin?

Packaging Corp of America (PKG) had a gross margin of 21.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Packaging Corp of America's operating margin?

Packaging Corp of America (PKG) had an operating margin of 12.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Packaging Corp of America's net profit margin?

Packaging Corp of America (PKG) had a net profit margin of 8.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Packaging Corp of America pay dividends?

Yes, Packaging Corp of America (PKG) paid $5.00 per share in dividends during fiscal year 2025.

What is Packaging Corp of America's return on equity (ROE)?

Packaging Corp of America (PKG) has a return on equity of 16.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Packaging Corp of America's free cash flow?

Packaging Corp of America (PKG) generated $728.6M in free cash flow during fiscal year 2025. This represents a 39.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Packaging Corp of America's operating cash flow?

Packaging Corp of America (PKG) generated $1.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Packaging Corp of America's total assets?

Packaging Corp of America (PKG) had $10.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Packaging Corp of America's capital expenditures?

Packaging Corp of America (PKG) invested $828.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Packaging Corp of America buy back shares?

Yes, Packaging Corp of America (PKG) spent $153.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Packaging Corp of America have outstanding?

Packaging Corp of America (PKG) had 89.21B shares outstanding as of fiscal year 2025.

What is Packaging Corp of America's current ratio?

Packaging Corp of America (PKG) had a current ratio of 3.17 as of fiscal year 2025, which is generally considered healthy.

What is Packaging Corp of America's debt-to-equity ratio?

Packaging Corp of America (PKG) had a debt-to-equity ratio of 0.86 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Packaging Corp of America's return on assets (ROA)?

Packaging Corp of America (PKG) had a return on assets of 7.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Packaging Corp of America's P/E ratio?

Packaging Corp of America (PKG) trades at 30.4x earnings, its market capitalization divided by net income of $691.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $21.0B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Packaging Corp of America's price-to-sales ratio?

Packaging Corp of America (PKG) trades at 2.2x sales, its market capitalization divided by revenue of $9.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $21.0B as of Oct 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Packaging Corp of America's Altman Z-Score?

Packaging Corp of America (PKG) has an Altman Z-Score of 4.00, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Packaging Corp of America's Piotroski F-Score?

Packaging Corp of America (PKG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Packaging Corp of America's earnings high quality?

Packaging Corp of America (PKG) has an earnings quality ratio of 2.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Packaging Corp of America cover its interest payments?

Packaging Corp of America (PKG) has an interest coverage ratio of 13.99x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Packaging Corp of America?

Packaging Corp of America (PKG) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.